NOT LISTED FOR SALE

3308 W Loma Ln Phoenix, AZ 85051

North Mountain Village Neighborhood

Estimated Value: $541,274 - $832,000

-- Bed
-- Bath
3,656 Sq Ft
$198/Sq Ft Est. Value

Last Sold October 18, 2017

Last sale price $292,500 $80 Per Sq Ft

Est. 147% increase in value since last sale

Current estimated payment $4,022/month

2 Days on Market

Highlights

  • Clubhouse
  • Cooling Available
  • Individual Controls for Heating
  • Heated Community Pool

About This Home

As of October 2017

100% occupied true turn key INVESTMENT! Best property in subdivision. Owner spent tons of money making this sparkle. Property management had to tell owner to stop spending money! Complete remodel from top to bottom. New oak cabinets, GRANITE COUNTER TOPS. Great appliance packages. Fresh paint inside and out. All deck tops completely redone. This is a perfect income property. All facts and figures are approximate, buyer verify MLS info. Owned washer and dryer makes $90 a month. DRIVE BY ONLY.

Last Agent to Sell the Property

Andrew Williams

Synchronicity Realty License #BR644988000 Listed on: 08/19/2017

Co-Listed By

Flavia Williams

Synchronicity Realty License #SA665623000

Last Buyer's Agent

Anand Sabapathy

DeLex Realty License #SA561221000

DeLex Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,912

Year Built

  • Built in 1974

Lot Details

  • 7,536

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Block Exterior
  • Stucco

Parking

  • 8 Parking Spaces
  • 4 Covered Spaces

Schools

  • Alta Vista Elementary School
  • Palo Verde Elementary Middle School
  • Cortez High School

Utilities

  • Cooling Available
  • Individual Controls for Heating
  • Master Water Meter

Listing and Financial Details

  • The owner pays for water, sewer, landscaping
  • Tax Lot 12
  • Assessor Parcel Number 150-09-879

Community Details

Overview

  • 4 Units
  • Building Dimensions are 7539
  • Northern Lanai Unit One Subdivision

Amenities

  • Clubhouse

Recreation

  • Heated Community Pool

Building Details

  • Operating Expense $15,083
  • Gross Income $34,941
  • Net Operating Income $19,859

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,912

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Cross Street: Northern and 33rd ave
  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: R5
  • Number Of Buildings: 1
  • Year Built: 1974
  • Tax Year: 2016
  • Directions: From Norther turn Right (N) onto 33rd Ave. Turn Left (W) on Loma Lane Second Fourplex on the right.
  • Road Surface Type: Asphalt
  • Professional Management Expense: 2500.0
  • Co List Office Mls Id: sjfl01
  • Co List Office Phone: 480-649-3536
  • Subdivision Name: NORTHERN LANAI UNIT ONE
  • Garage Yn: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:Microwave2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stucco, Block, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 4.0
  • Open Parking Spaces: 4.0
  • Total Parking Spaces: 8.0
  • General Property Description:Covered Parking Spcs: 4.0
  • General Property Description:Uncvrd Parking Spcs: 4.0
  • General Property Description:Total Parking Spcs: 8.0
  • Garage Details: Yes
  • Parking:Street Parking: Yes
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Paved Parking: Yes
  • Parking:Auto Door Opener: Yes

Utilities

  • Electric: SRP, Individual Meter
  • Cooling: Individual, Electric
  • Heating: Individual, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Electric: Yes
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: Clubhouse, Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Green Landscaping: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:Pool2: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes
  • Community Amenities:Clubhouse: Yes

Fee Information

  • Annual Water Sewer Expense: 2500.0

Schools

  • Elementary School: Alta Vista Elementary School
  • High School: Cortez High School
  • Middle Or Junior School: Palo Verde Elementary School

Lot Info

  • Lot Size: 7539
  • Additional Parcels: No
  • Parcel #: 150-09-879

Multi Family

  • Owner Pays: Water, Sewer, Landscaping
  • Number Of Units Total: 4
  • Electric Expense: 800.0
  • Annual Gross Income: 34941.0
  • Insurance Expense: 900.0
  • Maintenance Expense: 2500.0
  • Property Net Operating Income: 19858.5
  • Annual Operating Expense: 15082.5
  • Vacancy Allowance Rate: 0.05

Tax Info

  • Tax Annual Amount: 1912.5
  • Tax Book Number: 150.00
  • Tax Lot: 12

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 20, 2021
Sold by
Subbiah Ramkumar and Subbiah Anusha
Bought by
Subbiah Ramkumar and Ramkumar Anusha
Total Days on Market
2
Current Estimated Value
$723,569

Purchase Details

Listed on
Aug 19, 2017
Closed on
Sep 19, 2017
Sold by
Broek Nelson W Ten and Broek Teresa D Ten
Bought by
Ramkumar Anusha and Ramkumar Subbiah
Seller's Agent
Andrew Williams
Synchronicity Realty
Buyer's Agent
Anand Sabapathy
DeLex Realty
List Price
$299,000
Sold Price
$292,500
Premium/Discount to List
-$6,500
-2.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.60%
Original Mortgage
$213,750
Outstanding Balance
$180,488
Interest Rate
3.78%
Mortgage Type
New Conventional
Estimated Equity
$543,081

Purchase Details

Closed on
Jan 28, 2010
Sold by
Hsbc Bank Usa Na
Bought by
Ten Broek Nelson W and Ten Broek Teresa D

Purchase Details

Closed on
Oct 7, 2008
Sold by
Medina Hector
Bought by
Hsbc Bank Usa Na

Purchase Details

Closed on
Dec 4, 2006
Sold by
Ruelas Rosa Isela
Bought by
Medina Hector

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
7.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 23, 2006
Sold by
Mcgill John J and Mcgill Valerie L
Bought by
Medina Hector

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
7.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 26, 2005
Sold by
K Muller Property #7 Llc
Bought by
Mcgill John J and Mcgill Valerie L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 23, 2004
Sold by
Muller Karen M
Bought by
K Muller Property Seven Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 10, 2004
Sold by
Suits Properties I Llc
Bought by
Muller Karen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 4, 2004
Sold by
Hansen Albert
Bought by
Muller Karen M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 11, 2003
Sold by
Suits Debbra L
Bought by
Suits Properties I Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$213,600
Interest Rate
5.17%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 4, 2003
Sold by
Suits Kermit
Bought by
Suits Debbra L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$213,600
Interest Rate
5.17%
Mortgage Type
Unknown

Purchase Details

Closed on
Dec 11, 2001
Sold by
Popescu Otniel and Popescu Tabitha
Bought by
Suits Kermit and Suits Debbra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,150
Interest Rate
7.11%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 10, 2001
Sold by
Popescu Otniel
Bought by
Suits Kermit and Suits Debbra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,150
Interest Rate
7.11%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 12, 2000
Sold by
Indries Patrick P and Indries Adina
Bought by
Popescu Otniel and Popescu Tabitha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$213,571
Interest Rate
8.55%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 18, 2000
Sold by
Indries Patrick P
Bought by
Indries Patrick P and Indries Adina

Purchase Details

Closed on
Dec 23, 1998
Sold by
Indries Adina
Bought by
Indries Patrick P
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Subbiah Ramkumar -- None Available
Ramkumar Anusha $292,500 First Arizona Title Agency L
Ten Broek Nelson W $107,500 First American Title Ins Co
Hsbc Bank Usa Na $207,000 First American Title
Medina Hector -- Tsa Title Agency
Medina Hector $375,000 Tsa Title Agency
Mcgill John J $350,000 Tsa Title Agency
K Muller Property Seven Llc -- Capital Title Agency Inc
Muller Karen $275,000 Capital Title Agency Inc
Muller Karen M -- Capital Title Agency Inc
Suits Properties I Llc -- Capital Title Agency Inc
Suits Debbra L -- Capital Title Agency Inc
Suits Kermit $233,500 --
Suits Kermit $233,500 Security Title Agency
Popescu Otniel $226,500 Chicago Title Insurance Co
Indries Patrick P -- Capital Title Agency
Indries Patrick P -- Transnation Title Ins Co
Indries Patrick P $150,000 Transnation Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ramkumar Anusha $213,750
Previous Owner Medina Hector $300,000
Previous Owner Medina Hector $56,250
Previous Owner Mcgill John J $280,000
Previous Owner Muller Karen $220,000
Previous Owner Muller Karen M $220,000
Previous Owner Suits Debbra L $213,600
Previous Owner Suits Debbra L $213,600
Previous Owner Suits Kermit $210,150
Previous Owner Suits Kermit $186,800
Previous Owner Popescu Otniel $213,571
Closed Suits Kermit $23,300
Closed Mcgill John J $35,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/18/2017 10/18/17 Sold $292,500 -2.2% $80 / Sq Ft
10/11/2017 10/11/17 For Sale $299,000 0.0% $82 / Sq Ft
08/20/2017 08/20/17 Pending -- -- --
08/18/2017 08/18/17 For Sale $299,000 -- $82 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,183 $17,852 -- --
2024 $2,144 $17,002 -- --
2023 $2,144 $42,210 $8,440 $33,770
2022 $2,074 $30,520 $6,100 $24,420
2021 $2,101 $28,760 $5,750 $23,010
2020 $2,048 $27,370 $5,470 $21,900
2019 $2,011 $22,850 $4,570 $18,280
2018 $1,958 $20,810 $4,160 $16,650
2017 $1,948 $18,080 $3,610 $14,470
2016 $1,913 $16,110 $3,220 $12,890
2015 $1,771 $16,220 $3,240 $12,980
Source: Public Records

Agents Affiliated with this Home

  • Andrew Williams

    Seller's Agent in 2017

    Andrew Williams

    Synchronicity Realty

    (805) 813-4496

    19 Total Sales

    Andrew Williams
    Section Image

  • F

    Seller Co-Listing Agent in 2017

    Flavia Williams

    Synchronicity Realty

    (480) 777-4500

    Section Image
  • Anand Sabapathy

    Buyer's Agent in 2017

    Anand Sabapathy

    DeLex Realty

    (480) 332-0830

    1 Total Sale

    Anand Sabapathy
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5648795

Arizona Regional Multiple Listing Service (ARMLS)

APN: 150-09-879

Arizona Maricopa County Phoenix 85051 North Mountain Village

3308 W Loma Ln, Phoenix, AZ

This home is located at 3308 W Loma Ln, Phoenix, AZ 85051 since 19 August 2017 and is currently estimated at $723,569, approximately $197 per square foot. This property was built in 1974. 3308 W Loma Ln is a home located in Maricopa County with nearby schools including Palo Verde Middle School, Alta Vista Elementary School, and Cortez High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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